Overview / Commentary
971 Corporate Blvd
Linthicum, MD 21090

SECU is headquartered in Linthicum and is the largest credit union in the state of Maryland. It is also the 66th largest credit union in the nation. It was established in 1951 and as of March of 2024, it had grown to 361 employees and 256,646 members at 27 locations. SECU's CD rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in SECU is open to all residents of Maryland by joining the SECU MD Foundation (one-time $10 fee). Employees, retirees and contractors of the state of Maryland; employees of Anne Arundel County; alumni, students, faculty and staff of University System of Maryland Schools; employees of organizations located in Maryland that receive federal, state or local fundin; and employees of more than 500 local Select Employer Groups are also eligible to join.
See current membership details

Related Posts

11-Month CD, 5.40% APY Now Available To All Maryland Residents - 4/29/2024

SECU has expanded its field of membership to include any Maryland resident who joins the SECU MD Foundation with a one-time $10 donation. 11-month CD, 5.40% APY 6-month CD, 5.50% APY

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Very Good Personal Service!

Posted by: |

I have used SECU for more than 20 years. They are not perfect, but they try, their staff are always courteous. My loan officer is great, financing several mortgages, and beating a new home builder (Winchester) when their loan interest increased 60 days before closing and I could not find another mortgage in time! SECU came through.

Website good but not great, and despite phone delays, and they ALL have delays, you can get through.

Unfortunately last refi 2 years ago, I had to get a private mortgagee, my loan officer complained they were changing things! After rescuing me on my new home financing, he couldn't help refi from 3.875 to 2.75.

Extremely convenient. Checking services very good, bill pay very good. I have belonged to several others, but SECU is still my main financial institute. I have a Bank of America account, and have closed several other banks and credit unions. Always have at least 2 credit unions, always better than banks.

SECU is the Way To Go

I use State Employees Credit Union. In general it has been a good experience with their credit union, in general I get lower rates on several items and their fees are almost non-existent. In addition to this, it makes my banking fairly seamless across different categories. The main reason I use them though is that their money market funds tend to earn more interest than a typical bank. They also are not publicly traded, and involved with investment services, so I do feel that my money is a bit safer in their credit union.

In addition to this, it comes with extra benefits such as being able to withdraw funds for free and almost no ATM fees. It is one of the biggest advantages. They also don't require minimum balances, something that I have noticed that larger publicly traded banks do.

SECU for the win

Maryland State Employees Credit Union is a great credit union that offers all the services you would expect at reasonable prices. I've used both their checking and savings accounts and both have competitive rates. There's branches across the state of Maryland and they have plenty of ATMs for your convenience. I've also purchased CDs from them in the past. They have a wide variety of terms available for their CDs. Since I no longer live in Maryland, I do most of my banking with SECU online. Their website is pretty useful and I like it but I prefer banking in person because feel confident actually talking to a person. I really wish I could get my foreign banking transactions waived, it would make me much more likely to do more banking with SECU. But overall it's been a great credit union.

Getting Worse And Worse

Posted by: |

SECU MD; As time goes on this credit union is getting worse & worse not only in it's customer service but also in it's website options. SARA is absolutely useless as is some of their customer agents.
They are becoming like alot of other big companies, upper management doesn't want to know or doesn't care how things below them are in real time or are not being given honest information about customer service.
BUT, on the flip side there are those employees who are performing as expected in the treatment of their customers and do resolve issues and problems.



Health Grade Components

NCUA #66330
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD6.18%
Annual Interest Income$60.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$5.5B$5.34B
LoansQ1 2024vs Q1 2023$3.97B$3.99B
DepositsQ1 2024vs Q1 2023$4.46B$4.46B
Equity CapitalQ1 2024vs Q1 2023$428.8MM$374.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$40.4MM$42.7MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$17.3MM$11.9MM
Real Estate OwnedQ1 2024vs Q1 2023$0$939K
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Always verify rates and promotions with the bank or credit union. We are not SECU; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

SECU Savings Account Rates

0.35%$10-Business Savings
0.10%$10-Roth Contributory IRA
0.10%$10-Coverdell Education Savings Account
0.10%$10-Roth Conversion IRA
0.10%$10-Share Savings
0.10%$10-IRA Savings
0.10%$0-Holiday Savings
0.10%$300-Secured VISA Holding Account

SECU Money Market Rates

4.50%*$1m*-Business High Yield Money Market
OTHER TIERS: 4.00% $100k - $250k | 4.25% $250k - $1m
1.59%*$250k*-Business Money Market
OTHER TIERS: 0.50% $2k - $5k | 0.75% $5k - $25k | 1.00% $25k - $50k | 1.19% $50k - $100k | 1.39% $100k - $250k
0.30%*$500k*-Advantage Money Manager
OTHER TIERS: 0.20% $25k - $100k | 0.25% $100k - $500k
0.20%*$100k*-Money Manager
OTHER TIERS: 0.10% $2k - $25k | 0.15% $25k - $100k

SECU Checking Account Rates

2.00%*$75k*-SECU Total – Platinum
OTHER TIERS: 0.10% $0 - $3.5k | 0.15% $3.5k - $20k | 0.50% $20k - $75k
0.25%$0-Interest Earning Business Checking
0.15%*$20k*-SECU Total – Gold
OTHER TIERS: 0.10% $0 - $20k
0.10%$0-SECU Total – Silver
0.05%$1k-SECU Total – Bronze


5.50%$500-11 Month CD
5.25%$500-6 Month CD
4.50%$500-9 Month CD
4.00%$500-13 Month CD
3.80%$500-12 Month Platinum CD
3.55%$500-12 Month Gold CD
3.40%$100k-1 Year Jumbo CD
3.35%$500-1 Year CD
2.95%$500-1 Year Add-On CD
2.10%$100k-2 Year Jumbo CD
2.05%$500-30 Month CD
2.05%$500-18 Month CD
2.05%$500-2 Year CD
2.00%$500-3 Year CD
1.80%$500-5 Year CD
1.75%$500-4 Year CD
1.40%$500-5 Year Step Up CD
1.25%$500-3 Month CD


4.00%$500-13 Month IRA
3.80%$500-12 Month Platinum IRA
3.55%$500-12 Month Gold IRA
3.40%$100k-1 Year Jumbo IRA
3.35%$500-1 Year IRA
3.20%$500-15 Month IRA
2.10%$100k-2 Year Jumbo IRA
2.05%$500-30 Month IRA
2.05%$500-2 Year IRA
2.05%$500-18 Month IRA
2.00%$500-3 Year IRA
1.80%$500-5 Year IRA
1.75%$500-4 Year IRA
1.40%$500-5 Year Step Up IRA


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